Binance founder Changpeng “CZ” Zhao has provided optimism for the crypto market, stating that a super cycle is on the horizon. His statement follows VanEck’s ultra-bullish Bitcoin prediction, with a base target of $2.9 million for the flagship crypto.
CZ Predicts Super Cycle For Bitcoin
In an X post, the Binance founder said that a super cycle was incoming for BTC and the broader crypto market. CZ’s statement came in response to news that the SEC removed crypto from the 2026 priority risk list, which is bullish for the markets.
In an earlier X post, he also highlighted how U.S. banks have been accumulating Bitcoin while retail investors were panic-selling. Specifically, Wells Fargo had revealed a purchase of $383 million worth of Bitcoin ETF shares.
Institutional demand for the flagship crypto continues to rise, which could be one of the factors that could contribute to the projected super cycle for the crypto market. Notably, Morgan Stanley, one of the largest U.S. banks, filed for a Bitcoin ETF this week.
Experts such as Bloomberg analyst Eric Balchunas have indicated that this move was likely due to the demand that the firm was seeing for BTC among its wealth clients. Morgan Stanley had removed all restrictions for crypto investments last year, enabling all its wealth clients to invest in BTC.
Meanwhile, Bitcoin could also see an increase in nation-state adoption, which could also contribute to the projected super cycle for the crypto market. As CoinGape reported, Ark Invest’s Cathie Wood opined that the U.S. could start buying BTC for the strategic reserve this year.
VanEck Unveils Bullish BTC Predictions
Crypto ETF issuer VanEck has predicted that BTC could reach $2.9 million by 2025. The report by VanEck’s Matthew Sigel and Patrick Bush outlined this as the base case for the flagship crypto.
Source: VanEckThe bear case is that Bitcoin could stall at around $130,000 by 2025, while the bull case is that it could reach as high as $53.4 million. VanEck explained that in a “hyper-bitcoinization” scenario in which BTC captures 20% of international trade and 10% of domestic GDP, the implied value per coin could reach $53.4 million, representing a 29% Compound Annual Growth Rate (CAGR).
The firm noted that this scenario requires BTC to achieve parity with, or surpass, gold as a primary global reserve asset, which accounts for nearly 30% of the world’s financial assets. However, it remains to be seen if that could happen as the Gold price continues to surge while BTC stalls.
Meanwhile, for the base case of $2.9 million, VanEck projects that Bitcoin will settle 5 to 10% of global international trade and 5% of domestic trade by 2050. The bear case of $130,000 is based on the possibility that the flagship crypto’s utility is already priced in.
Source: https://coingape.com/binance-founder-cz-says-super-cycle-incoming-as-vaneck-unveils-2-9m-bitcoin-target/
